https://www.taxtmi.com/caselaws?id=1774 The Supreme Court held that the assessee-company was obligated to comply with the statutory requirements of Section 194A of the Income-tax Act, 1961, by deducting TDS on interest payments for loans availed by the directors. The Court emphasized the importance of adhering to tax deduction provisions and rejected the argument that the transactions were for individuals rather than the company. The Court ruled in favor of the Department, allowing the civil appeals with no costs awarded. en-us Fri, 10 Aug 2007 00:00:00 +0530 Thu, 21 Jul 2016 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1774 The Supreme Court held that the assessee-company was obligated to comply with the statutory requirements of Section 194A of the Income-tax Act, 1961, by deducting TDS on interest payments for loans availed by the directors. The Court emphasized the importance of adhering to tax deduction provisions and rejected the argument that the transactions were for individuals rather than the company. The Court ruled in favor of the Department, allowing the civil appeals with no costs awarded. Case-Laws Income Tax Fri, 10 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1774